Lower in Alabama vs the state
14.5%Denial rate-5.36 pts vs state
23.6%Decision denial rate-1.44 pts vs state
46.6%Origination rate-8.75 pts vs state
6.63%Median rate+0.13 pts vs state
0.38Rate spread (pts)+0.09 pts vs state
$95kMedian applicant income
132Loans originated
41Denied
Trend in Alabama
| Year | Applications | Originated | Denial rate | Median rate | Rank in state |
|---|---|---|---|---|---|
| 2023 | 151 | 106 | 13.3% | 6.88% | #157 |
| 2024 | 217 | 99 | 18.0% | 6.75% | #134 |
| 2025 | 283 | 132 | 14.5% | 6.63% | #127 |
What Lower lends in Alabama
By loan purpose
By loan type
Why it denied Alabama applicants
Where in Alabama
Counties with the most Lower applications in 2025.
| County | Applications | Originated | Denied | Denial rate |
|---|---|---|---|---|
| Baldwin County | 45 | 27 | 4 | 8.9% |
| Shelby County | 29 | 16 | 3 | 10.3% |
| Jefferson County | 26 | 13 | 1 | 3.8% |
| Mobile County | 18 | 7 | 3 | 16.7% |
| Madison County | 18 | 4 | 3 | 16.7% |
| Tuscaloosa County | 14 | 7 | 6 | 42.9% |
| St. Clair County | 12 | 4 | 0 | 0.0% |
| Calhoun County | 11 | 4 | 4 | 36.4% |
| Limestone County | 10 | 6 | 1 | 10.0% |
| DeKalb County | 9 | 2 | 2 | 22.2% |
Other large lenders in Alabama
| Lender | Grade | Applications | Denial rate | Median rate |
|---|---|---|---|---|
| Regions Bank | C | 11,871 | 37.2% | 4.99% |
| Rocket Mortgage | C | 9,941 | 20.5% | 6.63% |
| Vanderbilt Mortgage and Finance | F | 8,461 | 41.4% | 9.50% |
| United Shore Financial Services | B | 7,689 | 12.0% | 6.13% |
| 21st Mortgage | F | 6,507 | 46.0% | 9.98% |
| Mortgage Research Center | C | 5,107 | 18.4% | 6.25% |
| REDSTONE Federal Credit Union | C | 4,548 | 18.9% | 8.13% |
| Dhi Mortgage Company | B | 3,909 | 17.5% | 4.99% |
| Freedom Mortgage | B | 3,725 | 8.7% | 6.25% |
| Pennymac Loan Services | C | 3,611 | 11.6% | 6.25% |
Frequently asked questions
Alabama: 283 applications in 2025, of which 132 were originated and 41 denied.
14.5% of all applications, or 23.6% of the applications it actually decided on. The Alabama statewide average across all lenders was 19.9%.
The median rate on loans Lower originated in Alabama in 2025 was 6.63%, against a statewide median of 6.50%.
About this data. Figures are Lower's own HMDA filing for properties located in Alabama, 2025. The grade is national; state-level figures are shown for context and are not separately graded. Methodology